EUR/CHF Long-Term Trend: Bullish
Key Resistance Levels: 1.0425, 1.0482, 1.0539
Key Support Levels: 1.0373, 1.0327, 1.0243
The price on the higher time frame has been consolidating for some time after a bearish run. The pair has formed a higher-low pattern and it has broken the upper trendline. There are rejection wicks seen which indicates a trend reversal.
EUR/CHF Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The price was trading in a range between 1.0327 and 1.0243 for some time and the upper range was broken recently. It has now broken a minor level of 1.0373 and retested before continuing the momentum.
Buy Limit Order @ 1.0394
TP 1 @ 1.0422
TP 2 @ 1.0478
Stop Loss @ 1.0366
Trade Safely 🙂